United Kingdom Applicant Tracking System Market is Expected to Register a CAGR of 8.55% through 2029
Increased demand for efficient recruitment processes, integration with emerging technologies, Regulatory Compliance & Data Security and Shift Towards Remote & Hybrid Work Models are likely to propel the market during the forecast period.
According to
TechSci Research report, “United Kingdom Applicant Tracking System Market
– By Region, Competition, Forecast and Opportunities, 2019-2029F”, United
Kingdom Applicant
Tracking System Market was valued at USD 355 Million in 2023 and is expected to
grow at a CAGR of 8.55% during the forecast period.
The focus on diversity and inclusion
(D&I) is a prominent trend influencing the UK ATS market.
Organizations are increasingly recognizing the importance of building diverse
and inclusive workforces and are using ATS solutions to support these efforts.
Modern ATS systems include features designed to reduce bias in the recruitment
process and promote fair hiring practices.
For instance, ATS solutions can
anonymize resumes to prevent unconscious bias related to gender, ethnicity, or
age. They also offer tools for tracking and measuring diversity metrics,
helping organizations assess their progress towards D&I goals. Additionally,
some ATS systems provide integration with platforms that specialize in sourcing
diverse talent pools.
By leveraging these features,
organizations can better align their recruitment practices with their D&I
objectives and create more inclusive workplaces. The growing emphasis on
diversity and inclusion is driving demand for ATS solutions that support these
goals and help organizations build equitable hiring practices.
Browse over XX Market
data Figures spread through XX Pages and an in-depth TOC on " United Kingdom Applicant Tracking System Market.”
Based
on Industry Vertical, IT & Telecommunication held the largest market share in 2023. The IT & Telecommunication sector is at
the forefront of technological advancements, driving the development and adoption
of sophisticated ATS solutions. Organizations in this sector require robust,
scalable systems that can handle complex recruitment needs and integrate
seamlessly with other IT infrastructure. The rapid pace of technological
innovation, including advancements in artificial intelligence (AI), machine
learning, and automation, has significantly enhanced the capabilities of ATS
software, making it a critical component for managing large volumes of
applications and optimizing recruitment processes. IT
& Telecommunication companies place a premium on operational efficiency and
data security. ATS systems in this sector are designed to streamline
recruitment processes, reduce time-to-hire, and ensure compliance with data
protection regulations. The need for secure, reliable, and efficient
recruitment solutions is particularly pronounced in this sector, where managing
sensitive data and maintaining high standards of operational performance are
crucial.
The
IT & Telecommunication sector often has specialized and high-volume
recruitment needs, necessitating advanced ATS solutions. Companies in this
industry frequently recruit for a diverse range of technical roles and require
systems that can handle intricate job specifications, automate candidate
sourcing, and provide detailed analytics. ATS software tailored to these needs
helps manage the complexity of recruiting for highly specialized positions and
ensures that organizations can attract and retain top talent in a competitive
market. The
shift towards remote and hybrid work models, accelerated by the COVID-19
pandemic, has further driven the demand for advanced ATS solutions. The IT
& Telecommunication sector has been a leader in adopting remote work
technologies, and ATS systems that support virtual hiring processes, remote
onboarding, and flexible recruitment strategies are highly sought after.
Based on region, Scotland has rapidly emerged as the fastest-growing region in the United Kingdom's Applicant Tracking System (ATS) market, marking a significant trend in the region's approach to recruitment technology. This surge is driven by a growing recognition of the benefits that sophisticated ATS solutions offer, including streamlined hiring processes, enhanced candidate experience, and improved data management. As Scottish businesses increasingly adopt these technologies, they are better equipped to handle the complexities of modern recruitment, leading to a notable rise in ATS adoption across various industries. The rise in ATS utilization in Scotland is also closely linked to the region’s expanding digital infrastructure and a heightened focus on data-driven decision-making in human resources. With advancements in technology and a supportive business environment, Scottish companies are investing in ATS platforms to gain a competitive edge. These systems enable more efficient recruitment processes by automating routine tasks, improving candidate tracking, and aligning hiring strategies with broader business objectives, thus driving the growth of the ATS market in the region. The rapid growth in Scotland's ATS market reflects a broader trend towards digital transformation within the region's workforce management practices. The emphasis on integrating ATS solutions with other HR technologies highlights Scotland's commitment to enhancing recruitment efficiency and effectiveness. As Scottish businesses continue to embrace these advanced systems, the region is likely to maintain its leading position in the UK’s ATS market, setting a benchmark for innovation and efficiency in recruitment processes.
Major companies
operating in the United Kingdom Applicant Tracking System Market are:
- Oracle
Corporation
- SAP SE
- Workday, Inc.
- IBM Corporation
- ADP, Inc
- UKG Inc.
- Bullhorn, Inc.
- SmartRecruiters, Inc
- HireVue Inc.
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“The market
opportunity in the United Kingdom Applicant Tracking System market is
significant, driven by the increasing demand for efficient and streamlined
recruitment processes. As organizations seek to enhance their talent
acquisition strategies and improve candidate experiences, the adoption of
advanced ATS solutions is growing. Opportunities exist in integrating AI and
automation technologies, supporting diversity and inclusion initiatives, and
aligning recruitment with employee development and well-being. Additionally,
the rise of remote and hybrid work models further amplifies the need for
sophisticated ATS solutions. This evolving landscape presents substantial
growth potential for ATS providers in the UK.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting firm.
“United
Kingdom Applicant Tracking System Market, By Component (Software, Services), By Deployment
(On-Premise, Cloud), By Organization Size (Large Enterprises, SMEs), By
Industry Vertical (BFSI, Retail, IT & Telecommunication, Healthcare &
Life Sciences, Consumer Goods, Manufacturing), By Region, Competition, Forecast
& Opportunities, 2019-2029F”,
has evaluated the future growth potential of United Kingdom Applicant Tracking
System Market and provides statistics & information on Market size,
structure and future Market growth. The report intends to provide cutting-edge Market
intelligence and help decision-makers make sound investment decisions., The
report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the United Kingdom Applicant Tracking
System Market.
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